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Side-by-side financial comparison of BlackSky Technology Inc. (BKSY) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $35.2M, roughly 1.6× BlackSky Technology Inc.). BlackSky Technology Inc. runs the higher net margin — -2.5% vs -3.0%, a 0.5% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 15.9%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 20.5%).
BlackSky Technology Inc. is a leading geospatial intelligence provider operating a constellation of high-revisit small Earth observation satellites. It delivers real-time satellite imagery, advanced data analytics, and dynamic monitoring solutions to government, defense, critical infrastructure, and commercial clients globally to support data-driven operational decision-making.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
BKSY vs STRR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $56.8M |
| Net Profit | $-868.0K | $-1.7M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | -0.2% |
| Net Margin | -2.5% | -3.0% |
| Revenue YoY | 15.9% | 69.0% |
| Net Profit YoY | 95.5% | -192.1% |
| EPS (diluted) | $0.04 | $-0.49 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $35.2M | $56.8M | ||
| Q3 25 | $19.6M | $48.0M | ||
| Q2 25 | $22.2M | $35.5M | ||
| Q1 25 | $29.5M | $31.9M | ||
| Q4 24 | $30.4M | $33.6M | ||
| Q3 24 | $22.5M | $36.9M | ||
| Q2 24 | $24.9M | $35.7M | ||
| Q1 24 | $24.2M | $33.9M |
| Q4 25 | $-868.0K | $-1.7M | ||
| Q3 25 | $-15.3M | $-1.8M | ||
| Q2 25 | $-41.2M | $-688.0K | ||
| Q1 25 | $-12.8M | $-1.8M | ||
| Q4 24 | $-19.4M | $-585.0K | ||
| Q3 24 | $-12.6M | $-846.0K | ||
| Q2 24 | $-9.4M | $-441.0K | ||
| Q1 24 | $-15.8M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -11.8% | -0.2% | ||
| Q3 25 | -85.8% | -3.4% | ||
| Q2 25 | -62.8% | -0.6% | ||
| Q1 25 | -40.5% | -5.4% | ||
| Q4 24 | -20.0% | -0.4% | ||
| Q3 24 | -58.7% | -1.2% | ||
| Q2 24 | -47.0% | -0.5% | ||
| Q1 24 | -54.7% | -9.0% |
| Q4 25 | -2.5% | -3.0% | ||
| Q3 25 | -78.2% | -3.7% | ||
| Q2 25 | -185.8% | -1.9% | ||
| Q1 25 | -43.4% | -5.5% | ||
| Q4 24 | -63.9% | -1.7% | ||
| Q3 24 | -55.8% | -2.3% | ||
| Q2 24 | -37.7% | -1.2% | ||
| Q1 24 | -65.2% | -8.6% |
| Q4 25 | $0.04 | $-0.49 | ||
| Q3 25 | $-0.44 | $-0.54 | ||
| Q2 25 | $-1.27 | $-0.23 | ||
| Q1 25 | $-0.42 | $-0.59 | ||
| Q4 24 | $-0.61 | $-0.21 | ||
| Q3 24 | $-0.66 | $-0.28 | ||
| Q2 24 | $-0.52 | $-0.15 | ||
| Q1 24 | $-0.88 | $-0.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $124.5M | $10.3M |
| Total DebtLower is stronger | $201.1M | — |
| Stockholders' EquityBook value | $94.9M | $65.7M |
| Total Assets | $386.2M | $113.2M |
| Debt / EquityLower = less leverage | 2.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $124.5M | $10.3M | ||
| Q3 25 | $146.5M | $15.4M | ||
| Q2 25 | $93.8M | $16.8M | ||
| Q1 25 | $75.8M | $16.6M | ||
| Q4 24 | $52.5M | $17.0M | ||
| Q3 24 | $63.2M | $15.8M | ||
| Q2 24 | $41.2M | $14.7M | ||
| Q1 24 | $35.4M | $20.4M |
| Q4 25 | $201.1M | — | ||
| Q3 25 | $195.1M | $6.5M | ||
| Q2 25 | $122.5M | — | ||
| Q1 25 | $115.3M | — | ||
| Q4 24 | $107.7M | $0 | ||
| Q3 24 | $98.8M | — | ||
| Q2 24 | $108.6M | — | ||
| Q1 24 | $85.0M | — |
| Q4 25 | $94.9M | $65.7M | ||
| Q3 25 | $91.1M | $67.8M | ||
| Q2 25 | $86.6M | $40.1M | ||
| Q1 25 | $88.8M | $39.5M | ||
| Q4 24 | $94.0M | $40.4M | ||
| Q3 24 | $110.3M | $42.9M | ||
| Q2 24 | $76.5M | $42.6M | ||
| Q1 24 | $81.7M | $44.3M |
| Q4 25 | $386.2M | $113.2M | ||
| Q3 25 | $380.9M | $117.1M | ||
| Q2 25 | $310.8M | $55.6M | ||
| Q1 25 | $284.9M | $53.2M | ||
| Q4 24 | $254.1M | $52.6M | ||
| Q3 24 | $245.5M | $52.6M | ||
| Q2 24 | $224.3M | $52.6M | ||
| Q1 24 | $210.1M | $52.6M |
| Q4 25 | 2.12× | — | ||
| Q3 25 | 2.14× | 0.10× | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.30× | — | ||
| Q4 24 | 1.15× | 0.00× | ||
| Q3 24 | 0.90× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | 1.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-9.3M | $-7.3M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -15.8% |
| Capex IntensityCapex / Revenue | — | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.3M | $-7.3M | ||
| Q3 25 | $-39.0M | $-2.7M | ||
| Q2 25 | $-7.3M | $139.0K | ||
| Q1 25 | $27.2M | $-802.0K | ||
| Q4 24 | $-1.8M | $-2.8M | ||
| Q3 24 | $1.0M | $1.3M | ||
| Q2 24 | $-1.8M | $-4.3M | ||
| Q1 24 | $-3.8M | $-1.8M |
| Q4 25 | — | $-9.0M | ||
| Q3 25 | — | $-3.4M | ||
| Q2 25 | — | $102.0K | ||
| Q1 25 | — | $-808.0K | ||
| Q4 24 | — | $-2.8M | ||
| Q3 24 | — | $1.3M | ||
| Q2 24 | — | $-4.3M | ||
| Q1 24 | — | $-1.8M |
| Q4 25 | — | -15.8% | ||
| Q3 25 | — | -7.0% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | — | -2.5% | ||
| Q4 24 | — | -8.3% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | -12.0% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BKSY
Segment breakdown not available.
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
